Feb 13, 2013 5:00pm EST
>> and confronting a fiscal cliff and sequestration, debt ceiling default and sequestration in march, government shutdown in april, another potential debt ceiling default in may could perhaps shake the confidence of some ininvesters in our ability to deal with our responsibilities? >> yes, congressman. we think that the perennial crisis mode of fiscal policy over the past few years is reducing people's kfls. how big an effect that is, we don't know. >> thank you, chair. thank you, doctor, for being back with us. i think by anyone's objective measure in this town or country we would consider you a smart man, an intelligent man, a good economist, right? >> thank you, congressman. >> that's why it befuddles me although it's certainly a measure's prerogative, it strikes me that some of us want to speechify rather than engage new conversation through some questioning and that's, for the record, i have so say i really appreciate mr. jeffrey's line of questioning. i'll try to continue on in that regard. speaking of speechifying. we heard that it's impossible to get ourselves out of this debt situation
Feb 13, 2013 6:00am PST
will likely be determined in the sequestration, the cr and the debt ceiling debate. all this in first half of this year. martha: congressman king, thank you so much. >> thanks, martha she was a guest of honor three years ago at the state of the union but the woman considered a hero in the fort hood massacre is now speaking out and says the president has betrayed her and the victims. and she is not alone. martha: very interesting story. it is ash wednesday today, the beginning of lent and the pope speaks for the first time since announcing his stunning retirement. what the pope is now saying. >> very excited to be here. we're from the united states and we were just coming for vacation and now him getting, so i'm very excited. >> announcer: meet jill. she thought she'd feel better after seeing her doctor. and she might have, if not for kari, the identity thief who stole jill's social security number to open credit cards, destroying jill's credit and her dream of retirement. now meet amanda. with a swipe of her debit card, she bought some gas... and an all-expense-paid trip to hawaii for ben.
Feb 13, 2013 3:00am PST
was the president's idea in the last debt ceiling. one thing i will say is the most important thing we need to do is end the uncertainty, end the crisis prks but what you have to do is deal with those issues early. that's why the house, last term, passed two bills that dealt with sequestration. the senate did nothing. now we're coming up to the deadline, and now people are creating a crisis. if you want to focus on something, you should plan to the future. and if we haven't had a budget come out of the senate in the last three years, and what i think is most ironic, you've got tim cook, ceo of apple, sitting up with the first lady. the last time the senate democrats passed a budget, the ipad wasn't even introduced yet. so yeah. i would do the first priorities and planning in a budget would be the best thing to end a lot of crises. >> so what's the republican plan right now on sequestration? the president doesn't want it. but some conservatives are starting to say despite the fact there are a lot of defense cuts in there, this may be the only way we get real spending cuts over the next year. >> if